Bank SinoPac board OKs King’s Town Bank mergerBloombergThe board of Bank SinoPac Co (永豐銀行) approved a merger with King’s Town Bank Co (京城銀行), according to an exchange document filed on Friday from the lenders’ parent financial holding company. A cyclist rides past a Bank SinoPac branch in Taipei’s Wenshan District on June 19, 2017. Photo: CNAThe deal aims to integrate the banks’ branch networks and customer bases, leveraging King’s Town Bank’s strengths in corporate banking and financial market businesses, the filing said. SinoPac Financial in 2024 approved a share-swap deal to buy out King’s Town Bank as part of the group’s plan to expand asset scale and market share. It completed the acquisition of King’s Town Bank on Oct. 1 last year.

Source: Taipei Times March 29, 2026 17:16 UTC